Archer Investment Corp Takes $4.67 Million Position in Innovator Defined Wealth Shield ETF $BALT

Archer Investment Corp acquired a new position in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 142,189 shares of the company’s stock, valued at approximately $4,667,000. Innovator Defined Wealth Shield ETF accounts for 1.1% of Archer Investment Corp’s portfolio, making the stock its 18th largest position. Archer Investment Corp owned about 0.31% of Innovator Defined Wealth Shield ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BALT. CRA Financial Services LLC boosted its holdings in Innovator Defined Wealth Shield ETF by 21.1% during the third quarter. CRA Financial Services LLC now owns 389,414 shares of the company’s stock worth $12,781,000 after purchasing an additional 67,802 shares during the last quarter. Truist Financial Corp lifted its position in Innovator Defined Wealth Shield ETF by 147.3% during the 2nd quarter. Truist Financial Corp now owns 155,324 shares of the company’s stock worth $4,983,000 after buying an additional 92,517 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Innovator Defined Wealth Shield ETF by 211.3% during the 3rd quarter. CoreCap Advisors LLC now owns 117,794 shares of the company’s stock worth $3,866,000 after buying an additional 79,949 shares during the last quarter. Code Waechter LLC grew its holdings in shares of Innovator Defined Wealth Shield ETF by 40.7% in the 3rd quarter. Code Waechter LLC now owns 131,413 shares of the company’s stock valued at $4,309,000 after acquiring an additional 37,997 shares in the last quarter. Finally, Richard P Slaughter Associates Inc bought a new position in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter valued at about $630,000.

Innovator Defined Wealth Shield ETF Stock Performance

BALT opened at $33.72 on Thursday. The business’s 50-day simple moving average is $33.39 and its 200 day simple moving average is $32.93. Innovator Defined Wealth Shield ETF has a 52-week low of $29.35 and a 52-week high of $32.34. The firm has a market capitalization of $1.57 billion, a PE ratio of 24.42 and a beta of 0.14.

About Innovator Defined Wealth Shield ETF

The Innovator Defined Wealth Shield ETF (BALT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options. BALT was launched on Jul 1, 2021 and is managed by Innovator.